Answer: Peter and Blair need to save 4,105.10 USD per year for 35 years until retirement. Peter and Blair actually need 88,241 USD in retirement income to meet all of their objectives.Current amount they have = 64,000 USD Time period of Retirement = 35 yearsAdditional Years = 26 yearsInflation rate = 4%Rate of return = 9% So, we have all of that data to solve the problem. Then let's do it. Our first step is to calculate the real rate of return by incorporating the inflation rate into it. Note: we have been given rate of return not the real rate of return.Real Rate of Return = ( 1 + ROR given)/(1+ inflation rate) - 1Real Rate of Return = ( 1+ 0.09)/(1 + 0.04) -1Real Rate of Return = 0.048 x 100 = 4.80% So, the real rate of retunr is = 4.80%Now, let's find out the what is the additional fund required in total:Additional funds required = Required - AvailableAdditional funds required = 88,241 - 64,000Additional funds required = 24,241 USDNow, we have to calculate the Present value of this additional funds required for the time period of 26 years. Present value can be calculated by using the finance calculator online. You have to put these data into the calculator to calculate the present value of the money. PMT = 24241Interest Rate (I/Y) = 4.80Number of Periods (N) = 26 yearsBy plugging in these numbers, you will the present value of 24,241 USD:Present Value = 355,770.28 USDNow, we have to calculate the amount of money Peter and Blair need to save every year till their retirement after 35 years.For that, I have used that finance calculator this time solving for PMT. You need to put following data into the calculator:Future Value = 355,770.28Number of periods(N) = 35 yearsInterest Rate (I/Y) = 4.80%Annual Payment (PMT) = 4105.10 USD It means Peter and Blair need to save 4,105.10 USD per year for 35 years until retirement.
Explanation:
Answer:
Checking emails frequently takes the focus away from the work. Usually, when the managers engage in strategic planning processes, it takes time and systematic thinking and development of plans.
However, emails are a vital part of business communications in this Era. And it should be given priority as well. However, having a specific time frame to read emails is essentials as this takes the focus and attention away.
Explanation:
Answer:
<u>c. exposing himself to unlimited personal liability.</u>
Explanation:
One major characteristic of sole proprietorship being the individual is sole recipient of profits and sole bearer of all risks and liabilities.
A sole proprietor bears unlimited liability in the sense that, in case of bankruptcy, the proprietor's personal assets can be taken away to repay debts owed by him.
Though a proprietor also remains the sole recipient of all gains, similarly the proprietor is also exposed to unlimited risk.
Thus, the correct option is, c. exposing himself to unlimited personal liability .